CD&R, Humana-Backed Gentiva Inks $710 Million Hospice Deal
- Gentiva is buying ProMedica’s Heartland hospice business
- Deal will expand patients Gentiva serves to 34,000: CEO
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Gentiva, a hospice company backed by Clayton Dubilier & Rice and Humana Inc., has agreed to acquire a business from not-for-profit health-care system ProMedica, Gentiva’s chief executive officer said.
Gentiva’s deal for hospice and home-care assets from ProMedica’s Heartland is valued at $710 million, including debt, according to people familiar with the matter, who asked not to be identified because the information is private.